The Chinese producer of carbonated drinks Dayao plans to hold an IPO in the second half of 2025. This is reported in the Dayao press release.
Dayao has engaged consultants to evaluate the stock offering, in which the company expects to raise $500 million.
In 2024, shares of Hong Kong companies, including companies registered in China, raised more than $11 billion on the Hong Kong Stock Exchange (twice as much as in 2023).
In 2025, Chinese battery manufacturer Contemporary Amperex Technology Co. Ltd. plans to hold an IPO worth at least $5 billion, and Xiamen Lithium Energy Storage Technology Co. may raise more than $500 million.
Dayao is a Chinese manufacturer of carbonated drinks, juices and protein shakes. The company operates seven production bases, including in China, and exports products to Russia and Southeast Asia.
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